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Robotic Vision Market Overview
Robotic Vision is a technology equipped with camera hardware and computer algorithms and program to visualize objects. It can deployed for number of applications such as inspection & testing, material handling, packaging & palletizing, welding & cutting with accuracy and ensures safety, precision, quality in the manufacturing process. Robotic Vision also helps to gain efficiency in the operation and currently being deployed in most of manufacturing companies. The main factor which is driving this market is need for vision technology in the manufacturing industries and increasing quality standards. Global Robotic Vision Market has been valued at US ~$4 billion in the year 2015 which is expected to grow at US ~$9 billion by the end of forecast year with CAGR of ~12%.
The new 3D vision robots can avoid any blocks in front of them, and they can take decisions on their own or according to situations. This helps most of industries with better ROI, and time & cost effective. Thus, technology advancement contribute in development of this industry.
The other factors driving the market demand such as inspecting for defects, surface inspection, great flexibility, multi-tasking and others. Even, the consumer and healthcare sectors are approaching this technology and use on daily basis of work.
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The industry for robotic vision is fragmented into by components, by technology, by applications, by verticals and by regions. The components is divided as- hardware and software. Hardware segment further consists of cameras, optics, filters, lenses and sensors.
Software segment further consists of tracking and image processing. Technology is segment in 2d and 3d. Applications segment by welding, manufacturing, inspection & testing painting and packaging & palletizing. Finally, verticals are divided as industries, consumer, healthcare, military & defense, and government among others.
The regions are categorized on the basis of Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa. Asia-Pacific is emerging as the fastest growing market and expected to be the biggest market by the end of forecast period due to the rise in demand for industrial robots in manufacturing and automation industries in this region.
Currently North America holds second position in the market due to deployment of vision guided robots in food & beverages and manufacturing industries.
Asia-Pacific is emerging as the fastest growing market and expected to be the biggest market by the end of forecast period due to the rise in demand for industrial robots in manufacturing and automation industries in this region. Currently North America holds second position in the market due to deployment of vision guided robots in food & beverages and manufacturing industries.
The market in Europe is driven by the automotive industries. Presence of global players such as SICK AG (Germany), Basler AG (Germany) and KUKA AG (Germany) is also supporting the market.
The prominent players in the market of Robotic Vision are- FANUC Corporation (Japan), Yaskawa Electric Corporation (Japan), OMRON Corporation (Japan), KUKA AG (Germany), Cognex Corporation (U.S), ABB Group (Switzerland), Kawasaki Heavy Industries Ltd. (Japan), Keyence Corporation (Japan), SICK AG (Germany), Basler AG (Germany) among others.
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